South Pacific Metals Corp. · TSXV:SPMC
South Pacific Metals — Investor Presentation (October 2025)
29 slides from South Pacific Metals's investor presentation, Oct 7, 2025
Slide 1: Finding Copper and Gold in One of the Last True Exploration Frontiers – Papua New Guinea
TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF FINDING COPPER AND GOLD IN ONE OF THE LAST TRUE EXPLORATION FRONTIERS— PAPUA NEW GUINEA October 2025 southpacificmetals.ca
Slide 2: Disclaimer
DISCLAIMER Legal Disclaimer: This presentation is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell, or subscribe for any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful
Slide 3: PNG Is One of the Last Underexplored Mining Frontiers
PNG IS ONE OF THE LAST UNDEREXPLORED MINING FRONTIERS SPMC’s Mineralized Projects are Positioned to Take Advantage of This and to Unlock District-Scale Value Metal endowments based on estimates of published resources and past production. Au Equivalent grade based on equal recoveries of Au and Cu onl
Slide 4: Evidence of Large-Scale Cu-Au Porphyry & Vein Systems Across All Projects
EVIDENCE OF LARGE-SCALE Cu-Au PORPHYRY & VEIN SYSTEMS ACROSS ALL PROJECTS OSENA AND ANGA PROJECTS (ADJACENT TO K92 MINING) • Both border K92, show similar geological, structural and metal associations to Kainantu Mine, along a major 45 km NNE Cu-Au trend • Shows classic Cu-Au porphyry style alterati
Slide 5: Kainantu Gold District – Top Priority for SPMC
KAINANTU GOLD DISTRICT – TOP PRIORITY FOR SPMC Immediately Adjacent to K92 Mining’s Operation • Excellent Neighbourhood • Active gold mining in a well- endowed district • Ability to Operate - Excellent infrastructure • Highway access to both projects and • Nearby power and water • Prospectivity for
Slide 6: OSENA-Ontenu: A Priority
OSENA-Ontenu: A Priority ONTENU: PREPARING TO DRILL Ontenu Central • Intrusions in sediments/volcanics with widespread alteration • Geochem indicates in the High-Sulphidation Au-Cu window, with potential porphyry at depth • Extensive strong Au-Cu-Te-As-Bi in two corridors (Central and Westside) • Tr
Slide 7: OSENA-Ontenu: A Priority Porphyry Cu-Au + HS Epithermal Zone
OSENA-Ontenu: A Priority PORPHYRY Cu-Au + HS Epithermal Zone TSX.V: SPMC FSE: 6J00 OTCQB: SPMEF Back ground image: MT apparent conductivity
Slide 8: OSENA-Ontenu: A Priority
OSENA-Ontenu: A priority >5km x 3km footprint of mineralization of fully preserved system: • Epithermal Au-Cu-Ag from surface • Porphyry Cu-Au target at depth • High Au in soils + pathfinders • Up to 73g/t Au, 603g/t Ag & 10% Cu in rocks TSX.V: SPMC FSE: 6J00 OTCQB: SPMEF 8
Slide 9: OSENA-Ontenu NE
OSENA-Ontenu NE: ONTENU NE: Epithermal Au-Cu • At least 6 x high-grade epithermal Au-Cu structures 6 • Rocks up to 13.9g/t Au, 603g/t Ag, 10% Cu 5 • Individual structures 0.5 to 4m wide; mineralized zones up to 14m wide • Extensive Au in soil + pathfinder anomalies 4 3 2 1 TSX.V: SPMC FSE: 6J00 OTCQ
Slide 10: OSENA-Ontenu Central
OSENA-Ontenu Central ONTENU Central • 2 x main corridors each >1km long with high tenor >100ppb Au & >250ppm Cu in soils • Strong N-S structural control for targeting of high-sulphidation epithermal veins • Historic drilling did NOT intersect main interpreted structures yet still yielded anomalous b
Slide 11: Ontenu Central: On-Going Work
Ontenu Central: On-Going Work ONTENU TRENCHING • > 1100 metres of trenching on-going • 270 assays received, 800+ pending • 79m @.75g/t inc. 4 m @ 4.52 g/t Au and samples as high as 9 g/t • All trenches returned mineralization • Trench data is invaluable as: • Mapped potential high- sulphidation stru
Slide 12: Anga: Targeting K92-Style Lode-Gold Vein Mineralization
ANGA: TARGETING K92-STYLE LODE-GOLD VEIN MINERALIZATION • 4x3km footprint coincident gold-geophysical anomalies • 1.5 km east of K92’s plant, & only 3 km along strike from Arakompa vein system. Host multiple Au and Cu targets. • Analogous geology, geophysical anomalies, metal pathfinders & structure
Slide 13: Anga: Golkona to Golkona South
ANGA: Golkona to Golkona South Gold in Soils Copper & Silver in Soils • Large gold-silver-copper anomalies 2.2 x 1.1km • Very high soil anomalies up to: • 1080ppb Au • 3397ppm Cu • 2160ppb Ag • Visible gold in stream sediment (PC) samples draining from target area with assays including: • 281.8g/t A
Slide 14: Anga: Golkona to Golkona South
ANGA: Golkona to Golkona South • Advanced geophysical modelling • Structures (demagnetized zones) Soil Results >100ppb Au linking to K92 deposits 30-100ppb Au 10-100ppb Au • Potential source intrusions <10ppb Au • Upcoming mapping and sampling ahead of finalised drill targeting TSX.V: SPMC FSE: 6J00
Slide 15: Ontenu to Anga – Increasing Work Programs
ONTENU TO ANGA – INCREASING WORK PROGRAMS It’s been a busy time…and getting busier… • 6 x geologists in country and more coming • 6 x field technicians in the field sampling and surveying • 5 x community relations personnel • >25 x local employees on trenching, soil sample collection & drill pad cle
Slide 16: Social & Environmental License
Social & Environmental License Prime Minister James Marape & Michael Murphy Environment Social Governance Company operations are driven by We prioritize social responsibility by We uphold the highest environmental stewardship. We investing in local communities, standards of governance strive to mini
Slide 17: Leadership Team
LEADERSHIP TEAM EXPERIENCED & SUCCESSFUL IN MINERAL RESOURCE DEVELOPMENT Jonathan Rubenstein Michael Murphy, MBA, M.Sc., ICD.D. Director Executive Chairman Experienced corporate director and mining professional with a strong Founder of Torex Gold (TXG-T), now a $4B+ market-cap gold producer. backgro
Slide 18: Technical Team
TECHNICAL TEAM PNG-Based Geologists & Community Relations Oscar Clark Exploration Manager Team of PNG-based, experienced geologists, technicians, operations and community team A geologist with 18+ years international experience in remote operations. members with multiple years of experience Oscar re
Slide 19: Capital Structure
CAPITAL STRUCTURE Issued and Outstanding shares 51,853,920 Options Outstanding (avg price 0.45) 3,198,500 Warrants Outstanding (avg price 1.26) 15,485,384 Total (Fully Diluted) 70,537,804 Insider and Strategic Ownership ~70 % Working Capital ~C$3M Option Proceeds (if exercised) C$1.4M Warrant Procee
Slide 20: South Pacific Metals – Investment Case
SOUTH PACIFIC METALS – INVESTMENT CASE One of the Last Great Frontiers: Papua New Guinea hosts some of the world’s largest copper-gold deposits, yet remains underexplored District-Scale Projects: Four 100%-owned properties; Ontenu & Anga directly beside K92 Mining’s billion-dollar operation Discover
Slide 21: Two Other Large-Scale Projects: Kili Teke & May River
TWO OTHER LARGE-SCALE PROJECTS PROVIDING WORLD-CLASS POTENTIAL ACROSS PAPUA NEW GUINEA’S MAJOR MINERAL BELTS KILI TEKE & MAY RIVER
Slide 22: Kili Teke Project: Classic Porphyry Cu-Au System
KILI TEKE PROJECT: CLASSIC PORPHYRY CU-AU SYSTEM WITH POTENTIAL PORGERA-LIKE GOLD OVERPRINT KILI TEKE GOLD-COPPER PROJECT • Located 40 km from the world-class Porgera Gold Mine, in a similar geological and structural setting • Road accessible and 100% owned • Acquired from Harmony Gold in 2023, who
Slide 23: Kili Teke: Multiple Drill-Ready Targets Proximal to Resource
KILI TEKE: MULTIPLE DRILL-READY TARGETS PROXIMAL TO RESOURCE Kili Teke Cu-Au Project – Ten highly prospective targets proximal to resource Recent Targeting Completed Using Machine Learning • Recently completed targeting exercise identified 10 exploration targets proximal to Kili Teke’s Central Porph
Slide 24: May River Project
MAY RIVER PROJECT 25+ Years Exploration Data Consolidated & Evaluated • More than 20 targets, two of which host large scale previously drill prospects. Recent data review shows they host Au or Au-Cu mineralization: • Skygate Cu-Au Trend: • Adjacent to Frieda River (26.6Moz Au Eq) • 7 km long Au-Cu m
Slide 25: May River - Skygate Cu-Au Trend
MAY RIVER - SKYGATE Cu-Au TREND Skygate Cu-Au Trend Geological and Structural Setting Relative to Frieda River Porphyry-Epithermal Cu-Au Complex With 7 km Strike • Similar structural and geological setting as giant Frieda River Cu-Au Porphyry-Epithermal Complex (15 km to the east) • Skygate comprise
Slide 26: May River - Skiraisa Gold Breccia Deposit
MAY RIVER - SKIRAISA GOLD BRECCIA DEPOSIT Skiraisa Gold Breccia 3D Model with High Sulfidation Gold and Porphyry Target High-Sulfidation Vein, Breccia Gold Deposit & Porphyry System Historic 5.3 g/t Au in soil Soils 2 g/t Au in soil • 3D Geological and geophysical modelling and deposit 150 m of Au m
Slide 27: May River - Ufuo Polymetallic Massive Sulfide Deposit
MAY RIVER - UFUO POLYMETALLIC MASSIVE SULFIDE DEPOSIT Ufuo Massive Sulfide (Cu-Zn-Au-Ag-Pb) System – Drill Confirmed Body VMS4 High-Grade Massive Sulfide Complex Open • Ufuo polymetallic massive sulfide system comprises five bodies, discovered in 1993 by Highlands Gold • Early workers interpreted th
Slide 28: Michael Murphy, Executive Chair
Michael Murphy, Executive Chair info@southpacificmetals.ca TSX.V: SPMC | FSE: 6J00 | OTCQB: SPMEF southpacificmetals.ca
Slide 29: Appendix: Estimated Endowment of Deposits
Appendix: Estimated Endowment of deposits shown on slide 4. Au EQ, if not reported by the operator, assumes equal recovery of Cu-Au and prices of $3300per oz Au, $4.45 per lb Cu ($9800 per tonne Cu) Au Equivalent MT MLbs Au Equivalent Production Location Operator MT Cu% Au g/t Au Eq g/t copper Coppe
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